The production of passenger cars in the Czech Republic rose by 0.7 percent
year-on-year in the third quarter of 2019 to over one million units, the
Automotive Industry Association announced on Thursday.
Production in September reached 125,351 cars, which is a six percent increase on the same period last year.
The growth was pulled mainly by Škoda Auto and TPCA. Škoda Auto raised output by 2.5 percent to over 670,000 vehicles while TPCA made nearly 162,000 cars, which represents a growth of 2.7 percent.
The Czech Republic has halted arms exports to Turkey in response to
Ankara's incursion into northern Syria, Interior Minister Jan
Hamáček (Social Democrats) announced via Twitter on Monday evening,
following a government meeting. Trade Minister Karel Havlíček, whose
ministry had published the country's arms export figures earlier that
day, said that armaments exports to Turkey only make up around CZK 140
The news comes after meeting of the European Union's foreign ministers in Luxembourg, where member states pledged to suspend weapons exports to Turkey, but did not go as far as to implement a formal EU-wide arms embargo. During which Foreign Minister Tomáš Petříček (Social Democrats) told journalists that he will propose to Prime Minister Andrej Babiš that the Czech Republic take part in an arms embargo on Turkey.
The lower house‘s Investigatory Commission on OKD announced on Tuesday that it has decided to file a criminal complaint against four former government ministers for their role in the privatisation of the Silesian coal mining joint-stock company Ostravsko-karvinské doly (OKD). Among them is the former prime minister Bohuslav Sobotka. According to the commission, the privatisation and subsequent events were in contradiction to the interests of the state.
US electric car maker Tesla has opened its first showroom in the Czech Republic. Its official dealership is in Prague’s Vysočany district, where Tesla already operates a service centre. Visitors to the showroom can try all Tesla models, including Model S and X, as well as the most affordable Model 3, which sells for 1.2 million crowns.
Sales of new passenger cars in the Czech Republic in the first three
quarters of 2018 dropped by eight percent year-on-year to 191,110,
according to figures released by the Car Importers Association on Thursday.
The month of September saw a rise by 8.5 percent to 15.770 sold cars. The biggest seller in the period was Škoda with over 64,656 cars, followed by Volkswagen and Hyundai.
The Czech energy giant ČEZ will develop small modular nuclear reactors in
cooperation with the American company NuScale, according to ČEZ spokesman
Ladislav Kříž, who told Czech Television that the two companies signed a
memorandum of understanding on Thursday. ČEZ and NuScale will share their
technical knowledge on the matter and look into the possibilities of using
such energy sources in the Czech Republic and across wider Europe.
The Czech government has a majority share in ČEZ and Prime Minister Andrej Babiš stated earlier this year that small scale nuclear power sources are the optimum solution for the country when it comes to constructing new nuclear power plants. NuScale is an industry leader when it comes to the development of these energy sources and is set to launch its first commercial reactor in the US state of Idaho in 2027.
The level of overall trust in the Czech economy has fallen to a five year low according to the results of a monthly industry survey conducted by the Czech Statistical Office and published on Tuesday. Among consumers and entrepreneurs year-on-year trust levels fell, while among industry and construction representatives trust levels have remained the same for the past four months.
The Czech Republic should have the right to determine its own energy mix,
Foreign Minister Tomáš Petříček told the Czech News Agency on Sunday
ahead of his departure for the United National General Assembly, which also
includes the Sustainable Development Impact Summit.
Mr. Petříček also said nuclear energy represented part of the country’s energy mix and it was an important replacement of the fossil fuels, which are being gradually phased out.
Czech state-controlled utility ČEZ has announced a September 25 deadline
for potential buyers of its Romanian assets to register their interest. The
move is in line with the company’s strategy to exit foreign markets,
including Bulgaria, Turkey and Poland.
In total, ČEZ is considering seven companies in Romania, keeping only companies engaged in modern energy services (ESCo) and trading activity. ČEZ will later issue a call for non-binding tenders from registered potential buyers.
The utility expects to earn tens of billions of crowns from the sales, which it will invest largely into renewable energies.
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